Matalan CFO steps down after 23 years amid company transformation
Matalan has today announced that after 23 years in role, its CFO Stephen Hill has stepped down to "pursue his next challenge". Dave Williams, who was previously the Finance Director of Poundland, succeeds Hill.
Hill will continue to work with the business in a new capacity as Advisor to the Board for the next few months.
He said: "It has been a privilege to spend so many years with the fantastic colleagues at Matalan... As the business continues its transformation journey, its great value proposition positions it well to prosper over the coming years and I look forward to supporting the Board in a new advisory capacity over the next few months."
Jo Whitfield, Managing Director of Matalan, said: "Stephen has been instrumental in helping shape Matalan over a long period, bringing significant investment into the business in supporting its ongoing development including the modernisation of our supply chain, developing our omnichannel capabilities, and opening lots of fantastic new stores.
"I would like to thank Stephen for his vast contribution to the business and look forward to working with him in his new Board advisor capacity in the coming months."
CFO designate, Dave Williams, most recently held the role of Finance Director of Poundland where he helped grow and transform the business into a £2 billion value retailer.
Williams has over 20 years of experience in retail, having previously been Commercial Director at JD Sports and CFO at a number of retailers including JJB Sports, TJ Hughes and more.